Legal & General Group PLC (GB:LGEN)
LSE:LGEN
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Legal & General
(LSE:LGEN)
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Rating:48Neutral
Price Target:
262.00 p
▼(-3.75% Downside)
Action:Reiterated
Date:03/17/26
The score is held back mainly by weaker financial quality (margin compression, volatile cash generation, and higher leverage) and bearish technicals (price below key moving averages with negative MACD). A very high dividend yield provides partial support but is offset by a relatively elevated P/E given recent profitability.
Positive Factors
Diversified business model
Legal & General's operations span insurance, retirement (including bulk annuities), asset management and housing, providing multiple fee and investment return streams. This diversification reduces single-market dependence and supports more stable structural revenues over 2-6 months.
Negative Factors
Rising leverage and thinner equity
Material increases in debt alongside lower equity leave the group more highly geared, reducing balance-sheet cushion. Higher leverage limits strategic flexibility, increases sensitivity to market/interest moves, and constrains capacity for large PRT transactions or opportunistic investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Legal & General's operations span insurance, retirement (including bulk annuities), asset management and housing, providing multiple fee and investment return streams. This diversification reduces single-market dependence and supports more stable structural revenues over 2-6 months.
Read all positive factors
Legal & General (LGEN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£14.55B
Dividend Yield8.29%
Average Volume (3M)19.86M
Price to Earnings (P/E)17.3
Beta (1Y)1.20
Revenue Growth53.06%
EPS Growth191.61%
CountryUK
Employees10,799
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.06
Shares Outstanding5,573,178,000
10 Day Avg. Volume26,713,804
30 Day Avg. Volume19,857,462
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)6.55
Price to Sales (P/S)0.27
P/FCF Ratio3.33
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£259.83Price Target Upside-4.55% Downside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)0.24
Revenue Forecast (FY)£14.59B
Legal & General Business Overview & Revenue Model
Company Description
Legal & General Group Plc provides various insurance products and services in the United Kingdom, the United States, and internationally. It operates in four segments: Legal & General Retirement (LGR), Legal & General Investment Management (LGIM),...
How the Company Makes Money
Legal & General makes money primarily by earning fees and investment returns across retirement, insurance, and asset management activities. Key revenue streams include: (1) Insurance premiums and related charges from protection and life insurance ...
Legal & General Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
44
Neutral
Cash Flow
32
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 54.54B | 12.96B | 11.07B | 10.19B | 9.29B |
| Gross Profit | 54.54B | 12.59B | 10.72B | 9.90B | 8.99B |
| EBITDA | 1.11B | 704.00M | 423.00M | 1.26B | 2.92B |
| Net Income | 498.00M | 191.00M | 457.00M | 783.00M | 2.05B |
Balance Sheet | |||||
| Total Assets | 582.27B | 544.17B | 522.10B | 506.32B | 575.46B |
| Cash, Cash Equivalents and Short-Term Investments | 17.10B | 18.58B | 22.54B | 36.26B | 16.49B |
| Total Debt | 25.11B | 7.70B | 6.12B | 5.48B | 5.39B |
| Total Liabilities | 579.96B | 540.66B | 517.31B | 494.18B | 564.51B |
| Stockholders Equity | 2.28B | 3.55B | 4.83B | 5.56B | 10.98B |
Cash Flow | |||||
| Free Cash Flow | 4.50B | -4.54B | -14.48B | 20.28B | -374.00M |
| Operating Cash Flow | 4.55B | -4.45B | -14.24B | 20.46B | -169.00M |
| Investing Cash Flow | 170.00M | 239.00M | -422.00M | -226.00M | 133.00M |
| Financing Cash Flow | -2.93B | 331.00M | -556.00M | -1.03B | -1.50B |
Legal & General Technical Analysis
Positive
272.20
Price Trends
243.67
Positive
246.68
Positive
237.87
Positive
Market Momentum
4.34
Negative
64.93
Neutral
80.40
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:LGEN, the sentiment is Positive. The current price of 272.2 is above the 20-day moving average (MA) of 253.67, above the 50-day MA of 243.67, and above the 200-day MA of 237.87, indicating a bullish trend. The MACD of 4.34 indicates Negative momentum. The RSI at 64.93 is Neutral, neither overbought nor oversold. The STOCH value of 80.40 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:LGEN.
Legal & General Risk Analysis
Legal & General disclosed 8 risk factors in its most recent earnings report. Legal & General reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Legal & General Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £4.19B | 6.07 | 7.96% | 7.21% | -1.72% | 63.64% | |
76 Outperform | £9.02B | 4.03 | 12.35% | 5.37% | 12.45% | 28.89% | |
74 Outperform | £2.44B | 8.36 | 8.35% | 3.40% | 71.85% | ― | |
70 Outperform | £2.03B | 6.49 | 8.33% | 4.91% | 2.02% | 69.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | £7.36B | 28.90 | 9.49% | 7.09% | 52.52% | ― | |
48 Neutral | £14.55B | 17.34 | 15.89% | 8.29% | 53.06% | 191.61% |
* Financial Sector Average
GB:LGEN
Legal & General
264.40
42.05
18.91%
GB:RAT
Rathbones Group PLC
1,948.00
397.43
25.63%
GB:SDR
Schroders
582.00
249.97
75.29%
GB:ABDN
Aberdeen Group
234.00
77.40
49.42%
GB:QLT
Quilter
184.80
39.76
27.41%
GB:MNG
M&G Plc
306.10
101.14
49.35%
Legal & General Corporate Events
Regulatory Filings and Compliance
Legal & General Discloses Share Sale by Chief Risk Officer
Neutral
May 20, 2026
Legal General Group Plc disclosed that its Group Chief Risk Officer, Chris Knight, classified as a person discharging managerial responsibilities, has sold 49,293 ordinary shares in the company. The transaction, executed on 19 May 2026 at a price...
Business Operations and StrategyStock Buyback
Legal & General Cancels 24.3 Million Shares in Ongoing Buyback
Positive
May 18, 2026
Legal General has repurchased 24,290,384 of its ordinary shares between 11 and 15 May 2026 as part of the share buyback programme launched in March. The shares, bought via Barclays Capital Securities on multiple trading venues at prices generally...
Business Operations and StrategyStock Buyback
Legal & General Cancels 16.9 Million Shares in Ongoing Buyback
Positive
May 11, 2026
Legal General Group Plc has repurchased 16,869,889 ordinary shares between 5 and 8 May 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The repurchased shares will be cancelled, reduc...
Business Operations and StrategyExecutive/Board Changes
Legal & General Executives Acquire Shares Under Employee Plan
Positive
May 5, 2026
Legal General has disclosed that several senior executives and persons discharging managerial responsibilities, including the group chief risk officer, chief financial officer, chief operating officer and other top managers, purchased small volum...
Business Operations and StrategyStock Buyback
Legal & General Cancels 28.7 Million Shares in Ongoing Buyback
Positive
May 5, 2026
Legal General has repurchased 28,721,089 ordinary shares between 27 April and 1 May 2026 through its broker Barclays Capital Securities, as part of the share buyback programme launched in March. The repurchased shares will be cancelled, reducing ...
Regulatory Filings and Compliance
Legal & General Chair Sir John Kingman Buys Shares in Company ISA Transaction
Positive
May 1, 2026
Legal General Group Plc disclosed a share transaction by its chair, Sir John Kingman, in line with UK Market Abuse Regulation reporting requirements. The filing records the purchase of 650 ordinary shares at a price of £2.529492 per share in...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Legal & General Updates Share Capital and Voting Rights After Buyback
Positive
May 1, 2026
Legal General has reported that, as at 30 April 2026, its share capital comprised 5,634,995,043 ordinary shares with voting rights and no shares held in treasury, setting the official total voting rights figure used by investors to assess disclos...
Business Operations and StrategyDelistings and Listing Changes
Legal & General Adds Sharesave Scheme Stock to London Listing
Neutral
May 1, 2026
Legal General Group Plc has admitted 137,479 new ordinary shares of £0.025 each to trading on the Main Market of the London Stock Exchange. The shares, issued under the company’s Sharesave Scheme (SAYE), are fully fungible with existin...
Regulatory Filings and Compliance
Legal & General Discloses Routine Share Purchases by Non-Executive Directors
Positive
May 1, 2026
Legal General has disclosed share purchases by non-executive directors Mark Jordy, Ric Lewis and Laura Wade-Gery in line with UK Market Abuse Regulation requirements. The three directors acquired ordinary shares at £2.53 each on 1 May 2026 u...
Business Operations and StrategyRegulatory Filings and Compliance
Legal & General Discloses Share Purchase by Non-Executive Director
Positive
Apr 28, 2026
Legal General Group Plc has reported a share purchase by non-executive director Clare Bousfield, who acquired 9,834 ordinary shares in the company on 27 April 2026. The transaction, carried out on the London Stock Exchange, increases her personal...
Business Operations and StrategyStock Buyback
Legal & General Cancels 19.4 Million Shares in Ongoing Buyback
Positive
Apr 27, 2026
Legal General has repurchased 19,361,337 of its ordinary shares between 20 and 24 April 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The shares, bought across multiple trading ven...
Regulatory Filings and Compliance
Legal & General CFO Exercises Long-Term Incentive Share Award
Neutral
Apr 21, 2026
Legal General has disclosed a transaction by Group Chief Financial Officer and director Andrew Kail involving the exercise of a performance share plan award granted in April 2021. The award became exercisable following the end of a two-year holdi...
Business Operations and StrategyStock Buyback
Legal & General cancels 6.7 million shares in ongoing buyback programme
Positive
Apr 20, 2026
Legal General Group has repurchased 6,659,783 of its ordinary shares between 13 and 17 April 2026 through its broker Barclays Capital Securities, as part of the share buyback programme announced in March. The shares, acquired across multiple trad...
Business Operations and StrategyStock Buyback
Legal & General Cancels 4.8 Million Shares in Ongoing Buyback
Positive
Apr 13, 2026
Legal General Group Plc has repurchased 4,796,492 of its ordinary shares between 7 and 10 April 2026 through its broker Barclays Capital Securities, at prices around 255–261 pence per share, and will cancel all of the shares bought. The tra...
Executive/Board ChangesRegulatory Filings and Compliance
Legal & General discloses COO share award vesting and sale for tax
Neutral
Apr 10, 2026
Legal General has disclosed a transaction by Group Chief Operating Officer and PDMR Katie Worgan involving the vesting of a restricted share award granted under the company’s Share Bonus Plan. The first tranche of the award, comprising 35,5...
Business Operations and StrategyRegulatory Filings and Compliance
Legal & General grants ShareSave options to senior executives
Neutral
Apr 10, 2026
Legal General has granted options over its ordinary shares to senior executives under its Savings Related Share Option Plan, known as the ShareSave Plan. Group Chief Operating Officer Katie Worgan and Chief People Officer Emma Holden received opt...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Legal & General Awards Long-Term Share Incentives to Senior Executives
Neutral
Apr 10, 2026
Legal General has granted senior executives and persons discharging managerial responsibilities a series of nil-cost options and share awards under its Performance Share Plan and Share Bonus Plan. The awards, which cover millions of ordinary shar...
Executive/Board ChangesRegulatory Filings and Compliance
Legal & General grants restricted share awards to new Chief People Officer
Neutral
Apr 10, 2026
Legal General has granted restricted share awards totaling 351,066 ordinary shares to its newly appointed Chief People Officer, Emma Holden, to compensate for incentive awards forfeited on leaving her previous employer. The awards, made under the...
Regulatory Filings and Compliance
Legal & General Discloses Share Sale by Chief Risk Officer
Neutral
Apr 10, 2026
Legal General has disclosed a share transaction by Group Chief Risk Officer Chris Knight, in line with UK Market Abuse Regulation requirements. Knight, classified as a person discharging managerial responsibilities, sold a total of 82,612 ordinar...
Regulatory Filings and ComplianceShareholder Meetings
Legal & General Sets 2026 AGM and Capital-Reduction General Meeting
Neutral
Apr 9, 2026
Legal General Group has published the notices for its 2026 Annual General Meeting and a separate General Meeting, following the release of its 2025 Annual Report and Accounts in March. The company will hold the AGM on 21 May 2026 at BMA House in ...
Business Operations and StrategyExecutive/Board Changes
Legal & General confirms vesting of equity awards for asset management CEO Eric Adler
Neutral
Apr 8, 2026
Legal General has confirmed the vesting of a second tranche of conditional share awards granted to Eric Adler, CEO of Asset Management, as part of a package designed to compensate him for incentives forfeited when he left his previous employer. T...
Executive/Board ChangesRegulatory Filings and Compliance
Legal & General executives receive vested share awards under bonus plan
Neutral
Apr 8, 2026
Legal General has disclosed the vesting of restricted share awards granted in April 2023 to several senior executives under its Share Bonus Plan, in line with UK Market Abuse Regulation requirements. The awards vested on 6 April 2026, with a port...
Business Operations and StrategyStock Buyback
Legal & General Cancels 5.8 Million Shares in Latest Buyback Tranche
Positive
Apr 7, 2026
Legal General Group has repurchased 5,819,363 ordinary shares between 30 March and 2 April 2026 through its broker Barclays Capital Securities, as part of the share buyback programme launched in March. The shares, bought across multiple trading v...
Regulatory Filings and Compliance
Legal & General Executives Buy Shares Under Employee Plan
Positive
Apr 2, 2026
Legal General has disclosed that several senior executives, including the Group Chief Risk Officer, Group Chief Financial Officer, and other PDMRs, purchased small amounts of ordinary shares under the company’s Employee Share Plan. The tran...
Regulatory Filings and Compliance
Legal & General Discloses Share Sale by Chief Risk Officer
Neutral
Apr 2, 2026
Legal General has disclosed that its Group Chief Risk Officer and person discharging managerial responsibilities, Chris Knight, sold 200,000 ordinary shares in the company on 1 April 2026. The transaction, executed on the London Stock Exchange at...
Business Operations and StrategyDelistings and Listing ChangesRegulatory Filings and Compliance
Legal & General Admits New Shares Under Employee SAYE Scheme
Neutral
Apr 1, 2026
Legal General Group has admitted 126,987 new ordinary shares of £0.025 each to trading on the Main Market of the London Stock Exchange under its existing block admissions tied to the company’s Sharesave (SAYE) employee scheme. This inc...
Stock BuybackRegulatory Filings and Compliance
Legal & General updates share capital and voting rights after share buyback
Neutral
Apr 1, 2026
Legal General Group Plc has confirmed that as of 31 March 2026 its issued share capital comprised 5,679,494,539 ordinary shares of 2.5p each, all carrying voting rights, with no shares held in treasury. This figure serves as the reference denomin...
Regulatory Filings and Compliance
Legal & General Chair Reports Purchase of Shares
Neutral
Apr 1, 2026
Legal General Group Plc has disclosed a transaction by its chair, Sir John Kingman, in line with UK Market Abuse Regulation reporting requirements. The company reported that Kingman purchased 647 ordinary shares of Legal General at a price of &#...
Regulatory Filings and Compliance
Legal & General discloses board directors’ share purchases
Neutral
Apr 1, 2026
Legal General has disclosed share purchases by three non-executive directors, Mark Jordy, Ric Lewis and Laura Wade-Gery, in line with regulatory requirements under the UK Market Abuse Regulation. The directors acquired ordinary shares of £0....
Executive/Board ChangesRegulatory Filings and Compliance
Legal & General Discloses Vesting of COO Katie Worgan’s Restricted Share Award
Neutral
Apr 1, 2026
Legal General has confirmed the vesting of a portion of restricted share awards granted to Group Chief Operating Officer Katie Worgan, part of a package designed to compensate her for incentive awards forfeited when she left her previous employer...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Legal & General Updates £7bn Euro Note Programme Prospectus
Positive
Apr 1, 2026
Legal General Group Plc and its financing subsidiary Legal General Finance PLC have published a new base prospectus for their £7 billion Euro Note Programme, dated 1 April 2026. The document, which covers note issuance by both entities with...
Business Operations and StrategyStock Buyback
Legal & General cancels 8.1m shares in latest buyback tranche
Positive
Mar 30, 2026
Legal General Group has repurchased 8,087,004 of its ordinary shares between 23 and 27 March 2026 through its broker Barclays Capital Securities, with the shares to be cancelled as part of the share buyback programme announced earlier in March. F...
Business Operations and StrategyRegulatory Filings and Compliance
Legal & General CEO Transfers Shares to Spouse With No Change in Overall Stake
Neutral
Mar 26, 2026
Legal General has disclosed an internal share transfer involving its Group Chief Executive Officer, António Simões, in line with UK Market Abuse Regulation reporting requirements. Simões transferred 188,097 ordinary shares in the c...
Regulatory Filings and Compliance
Legal & General discloses share sale by chief risk officer
Neutral
Mar 24, 2026
Legal General Group has disclosed a share transaction by Group Chief Risk Officer Chris Knight, in line with UK Market Abuse Regulation requirements. Knight sold 100,000 ordinary shares in the company at a price of £2.3927 per share on 23 Ma...
Business Operations and StrategyStock Buyback
Legal & General Cancels 7.2 Million Shares in Latest Buyback Tranche
Positive
Mar 23, 2026
Legal General has repurchased 7.2 million of its ordinary shares between 16 and 20 March 2026 via its broker Barclays Capital Securities, as part of the share buyback programme announced earlier in March. The shares, bought across multiple tradin...
Executive/Board ChangesRegulatory Filings and Compliance
Legal & General details vesting of CEO António Simões’ recruitment share award
Neutral
Mar 20, 2026
Legal General has disclosed the vesting of part of a one-off recruitment share award granted to Group Chief Executive Officer António Simões, compensating him for incentive awards forfeited on leaving his previous employer. The conditio...
Regulatory Filings and Compliance
Legal & General discloses share sales by chief risk officer
Neutral
Mar 18, 2026
Legal General has disclosed that Group Chief Risk Officer Chris Knight, a person discharging managerial responsibilities, sold 100,000 ordinary shares in the group on 17 March 2026 at £2.5141 per share on the London Stock Exchange. The move ...
Financial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
Legal & General Publishes 2025 Annual Report and Files with UK Regulator
Neutral
Mar 18, 2026
Legal General Group has published its 2025 Annual Report Accounts, following its preliminary results earlier this month, making the full annual financial report available on its website alongside the full-year results announcement. The report ha...
Business Operations and StrategyExecutive/Board Changes
Legal & General refreshes board with governance committee chair change
Positive
Mar 16, 2026
Legal General has announced that Ric Lewis will retire from its Board after six years of service, stepping down as a Non-Executive Director on 18 May 2026. The company also named Scott Wheway as the new Chair of its Nominations and Corporate Gove...
Business Operations and StrategyStock Buyback
Legal & General Cancels Nearly 3 Million Shares in Ongoing Buyback
Positive
Mar 16, 2026
Legal General Group has repurchased 2,992,834 of its ordinary shares between 12 and 13 March 2026 through its broker Barclays Capital Securities, at prices ranging roughly from 240.80p to 249.50p across multiple trading venues. The company will c...
Regulatory Filings and Compliance
Legal & General discloses share sale by Chief Risk Officer
Neutral
Mar 13, 2026
Legal General has disclosed a share transaction by Group Chief Risk Officer Chris Knight, in line with UK Market Abuse Regulation requirements. The filing reports that Knight, classified as a person discharging managerial responsibilities, conduc...
Stock Buyback
Legal & General launches first £600m tranche of £1.2bn share buyback
Positive
Mar 12, 2026
Legal General Group Plc has begun the first tranche of a previously announced £1.2 billion share buyback programme, with this initial phase capped at £600 million and conducted via a non-discretionary agreement with Barclays Capital Sec...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Legal & General boosts 2025 earnings and launches £1.2bn buyback as growth strategy gains traction
Positive
Mar 11, 2026
Legal General reported strong 2025 full-year results, with core operating profit rising 6% to £1.62bn and core EPS up 9%, alongside £1.5bn of Solvency II capital generation and a robust 210% solvency coverage ratio. The group also highl...
Regulatory Filings and Compliance
Legal & General Executives Buy Shares Under Employee Plan
Positive
Mar 3, 2026
Legal General Group has disclosed share purchases by several senior executives and persons discharging managerial responsibilities under its Employee Share Plan. Group Chief Risk Officer Chris Knight, Group General Counsel and Company Secretary G...
Regulatory Filings and Compliance
Legal & General Directors Buy Shares Under Terms of Appointment
Neutral
Mar 2, 2026
Legal General has disclosed share transactions by non-executive directors Mark Jordy, Ric Lewis, and Laura Wade-Gery, in line with UK Market Abuse Regulation requirements. The three PDMRs acquired ordinary shares in the company on 2 March 2026 vi...
Regulatory Filings and Compliance
Legal & General Confirms Total Voting Rights and Share Capital
Neutral
Mar 2, 2026
Legal General Group Plc has confirmed that, as of 27 February 2026, its issued share capital comprises 5,697,730,184 ordinary shares of 2.5p each, all of which carry voting rights. The company holds no shares in treasury, meaning the total number...
Regulatory Filings and Compliance
Legal & General Chair Sir John Kingman Buys Shares in ISA Transaction
Neutral
Mar 2, 2026
Legal General has disclosed a share transaction by its chair, Sir John Kingman, under UK Market Abuse Regulation reporting obligations. Kingman purchased 614 ordinary shares of Legal General at a price of £2.674198 per share via an Individu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.